Trump Media auditor charged by SEC with ‘massive fraud,’ permanently barred from public company audits

• The auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced.
• The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.
• The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began.

Rafael Henrique | Lightrocket | Getty Images

The auditing firm for Trump Media and the auditor’s owner were charged with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced Friday.

The auditor, BF Borgers CPA and its owner Benjamin Borgers have agreed to be permanently suspended from practicing as accountants before the SEC, and also agreed to pay a combined $14 million in civil penalties, the SEC said.

The share price of Trump Media, which owns the Truth Social app, was down 9% shortly after trading began Friday.

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